Russia's stock market ended Wednesday's trading session in positive territory, buoyed by gains concentrated in the Mining, Power and Oil & Gas sectors.
At the close in Moscow, the MOEX Russia Index was up 1.24%, marking a new one-month high for the benchmark.
Among individual movers, Surgutneftegas PJSC (MCX:SNGS) led the advance on the index, rising 5.22% or 0.81 points to finish at 16.32. Federal Hydro Generating Company RusHydro PJSC (MCX:HYDR) also posted strong gains, adding 5.11% or 0.02 points to end at 0.35. Miner Polyus PJSC (MCX:PLZL) climbed 4.91% or 64.00 points to 1,367.00 in late trade.
On the downside, retail group Magnit PJSC (MCX:MGNT) was the largest decliner among quoted names, slipping 0.52% or 10.00 points to close at 1,895.00. Bank VTB PJSC (MCX:VTBR) inched higher by 0.05% or 0.03 points to 56.82, while ROSSETI PJSC (MCX:FEES) was up 0.11% to 0.05.
Market breadth on the Moscow Exchange was strongly positive, with 208 stocks rising versus 32 that fell; 14 issues finished unchanged.
Measures of market uncertainty eased as the Russian Volatility Index - RVI, which reflects implied volatility in MOEX Russia Index options, declined 2.21% to 38.44, registering a one-month low.
Commodity markets displayed divergent moves. Gold futures for December delivery surged 3.74% or 155.35 to $4,307.95 per troy ounce. Oil showed mixed performance: September crude oil fell 0.91% or 0.69 to $75.08 a barrel, while the October Brent contract rose 0.21% or 0.17 to $79.61 a barrel.
Currency pairs tied to the Russian market were effectively flat in the session: USD/RUB was unchanged at 81.63 and EUR/RUB held steady at 93.55, each reporting 0.00% moves. The US Dollar Index Futures declined 0.19% to 99.55.
Overall, Wednesday's session saw broad participation across sectors, with mining, power and oil & gas stocks providing the primary upward momentum that lifted the MOEX Russia Index to a recent high while implied market volatility moderated.